Tomatrader-X

Tomatrader-X Updated 

This chart indicates a strong relation of MFG (generally applies to most bank stocks) with gov yield rates - 5 year Japanese bond in this case. Considering the chart pattern, there is still a possibility of testing a bottom for a couple of months, but the stock price should soon catch up with the yield rate. As the downside risk is limited, we may be seeing a...

Tomatrader-X

Since inception in 2007, this ETF has lost more than 90% of its value and it seems nobody is looking at it. However, there is no denying that this ETF has been performing pretty well while techs are failing pretty badly these days. As we can confirm MACD Golden Cross on a monthly basis, we might be facing a great opportunity to be in. We should be aware of the...

Tomatrader-X

We have already seen about 25% decline from the $130 top in March 2022. However looking at the monthly chart, we might be in the middle of further decline. Notice the divergence of slow stochastics indicated in the chart, so we should be aware of further risk of decline with a strong support around $65 area. 2 interesting facts as of today: - Interestingly MACD...

Tomatrader-X

We can see an inverse proportinality of interest rate vs HOD, and we are witnessing a historically low level of the HOD price now. In the past 8 years, we have witnessed noticeable MACD signs followed by a huge upward movement up to 800% gain. We should closely look at the interest rate trend and MACD - I am not saying now is the best time to be in, but sooner or...

Tomatrader-X

I love these guys' products, but I am not ready to be in as a shareholder at the moment. As you can see, DTEA is forming a triangle and now may not be the best time to hold a newly created long term position. Once this triangle is broken, it should show us a nice trend. I am expecting a reasonable entry point late 2022. NASDAQ:DTEA

Tomatrader-X

As you can see the chart is forming a traingle followed by less volatility. Once this triangle is broken above the resistance line, Mawson gold might make a big upward movement. It is not too late to follow a golden cross indicated by MACD, but this chart pattern is worth paying attention to. TSX:MAW